Abstract
The initial recovery from the 1974-75 recession in Germany, Japan and the United States has lost much of its momentum. It is likely that the growth of world output and of international trade will be slower in 1977 than i t was last year. Failure of the major countries to agree on co-ordinated action may consign many of the
European economies to an extended period of stagnation.
European economies to an extended period of stagnation.
Original language | English |
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Pages (from-to) | 35 |
Number of pages | 1 |
Journal | Quarterly Economic Commentary |
Volume | 2 |
Issue number | 4 |
Publication status | Published - Apr 1977 |
Keywords
- Scottish economic trends
- global economic conditions
- British economic performance